TIPS Processing

Improve productivity through seamless transaction and accounting management

Benefits

Increase visibility and gain control with the industry standard for midstream transaction management

TIPS Processing-Streamline Transaction Management

Streamline Transaction Management

Maximize productivity by streamlining transaction and accounting management. TIPS Processing meets and exceeds midstream accounting requirements by:

  • Simplifying complex allocation and settlement calculations minimizing operational costs
  • Maintaining a variety of complex commercial agreements and transactions
  • Reducing risk with industry-proven audit support
TIPS Processing-Maintain Operational Flexibility

Maintain Operational Flexibility

Adapt quickly to changing business requirements with a highly configurable product that seamlessly integrates additional assets and other key systems. From small startups to North America's largest midstream companies, standardizing business functions and performance metrics across complex asset configurations maximizes operational efficiency and optimizes business decisions.

TIPS Processing-Optimize Workflows Maximize Efficiency

Optimize Workflows and Maximize Efficiency

Automate workflows and minimize manual processes with personalized dashboards that centralize and streamline operations.  TIPS Processing enables gas plants to:

  • Increase efficiency through the timely exchange of information between internal and external customers
  • Elevate business decisions by maintaining financial visibility through gross margin calculation for each plant, meter, contract, and producer
  • Tailor allocations and improve accuracy with user-defined plant configurations

AltaGas Case Study

Learn how AltaGas, a diversified operator and developer in energy, was able to improve efficiency while doubling its asset base

Features

With unparalleled expertise in the midstream industry, processing plants depend on TIPS for allocations, plant balancing, and other key functionalities

Allocations

Tailor allocations with user-defined plant configurations and allocation methodologies

Imbalance Management and Accounting

Track imbalances at the plant for any commodity, comparing entitlements versus actual deliveries

Gross Margin Analysis

Maintain financial visibility through the calculation of gross margin for each asset

Settlement

Accommodate complex contractual provisions with user configured and managed contract terms

Plant Balancing

Standardize performance results across all plants with plant balance and recovery reporting

Regulatory Reporting

Meet agency reporting requirements such as volumetric, value, tax, and royalty reporting

Complete Reporting

Gain visibility with standard reporting for complete asset performance and producer statements

Forecasting

Predict current and future production month processing results to assist with planning

Resources

Product Overviews

September 07, 2016

myQuorum TIPS Processing

Understand how Quorum can help your company gain productivity and efficiencies through complete operational integration

Product Overviews

September 07, 2016

myQuorum TIPS Gathering

Read the TIPS Gathering Overview to find out how your company can maximize capacity and reduce risk

Case Studies

July 28, 2016

Quorum's Integrated Software Supports American Midstream Growth

See why American Midstream decided to standardize its operations on Quorum’s integrated platform of solutions for midstream oil and gas

Whitepaper

August 30, 2016

Driving Operational Efficiencies with Digital Technologies

Read how myQuorum positions energy companies for success by increasing operating efficiency and eliminating manual processes

Product Overviews

August 26, 2016

Energy Contracts

Learn how contract, legal, and compliance teams can reduce contract and counterparty lifecycle complexity

Product Overviews

August 26, 2016

Query and Reporting

Learn how Quorum provides companies with flexible reporting and analytics that increase insight, efficiency, and productivity


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